Net Asset Value(s)

RNS Number : 8973S

Merchants Trust PLC

27 May 2009

 

The Merchants Trust plc

As recommended by the AIC, with effect from 1 June 2008, net asset values are calculated on both a capital and a cum-income basis.

The Merchants Trust PLC announces that at close of business on 26 May 2009:

• based on the book value of the company's long term debt and preference shares, the capital net asset value per ordinary share was 299.22p.

• based on the market value of the company's long term debt and preference shares, the capital net asset value per ordinary share was 286.14p.

• based on the book value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 307.85p.

• based on the market value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 294.78p.

The market values of the company's long term debt and preference shares are updated monthly.  From 31 March 2009, the market values are based on prices estimated by Evolution Securities.  It is believed that the new pricing source better reflects prevailing market conditions.  

Enquiries:  

Kirsten Salt

Tel: [phone]

27 May 2009

 

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